Professor of Finance
Degrees: PHD, 1987, Indiana Univ Bloomington; MBA, 1980, Univ Notre Dame; MA, 1977, Univ Delhi; BA, 1975, Univ Delhi
Professor Rai joined Hofstra University in 1988 and was promoted to Associate Professor in 1994 and to Full professor in 2001. He was also appointed the Director of the Center for International Financial Services and Markets in 2008.
Professor Rai received his B.A. (Honours) and M.A. in Economics from Delhi University, India, and his M.B.A. from the University of Notre Dame. He earned his Ph.D. in International Business with minors in Finance and Economics from the Kelly School at Indiana University, Bloomington, IN.
Before joining the faculty at Hofstra, Dr. Rai taught as an assistant professor at the University of Vermont.
Professor Rai's current research interest centers around international banking and financial markets. His articles have been published in the Journal of Banking and Finance, Journal of International Money and Finance, Journal of Economics and Business, Journal of Futures Markets, Journal of Financial Research Services, Journal of International Financial Markets, Institutions and Money, Financial Management and the Journal of Risk and Insurance. He has presented papers at several national and international finance conferences.
He is the co-author of the textbook “Introduction to International Business” published by M.E. Sharpe, NY, in 2009. He also serves as the Associate Editor of the Journal of Multinational Financial Management.
Professor Rai has taught at several other institutions as a visiting or adjunct professor, including at the Rotterdam School of Management, The Netherlands, Indian Institute of Management Calcutta, the University of Catania in Sicily, Italy, New York University and Rutgers University, Singapore. He has also conducted seminars on risk management to bankers from China, Russia and the Netherlands Antilles.